Nifty working in our triangle.
Updated
In my 3rd Dec post I have shown a triangle in which Nifty is working quietly.
Still Nifty is working within the triangle though it has given 3 false breakdowns as shown in the chart.
Today it gave a breakout above the blue line.
Tomorrow session will confirm whether it is false or true breakout.
Nifty closing above blue line is a good sign but it is always good to take confirmations than assumptions.
Till then the waiting game continues......
Stay safe & Happy trade.
Still Nifty is working within the triangle though it has given 3 false breakdowns as shown in the chart.
Today it gave a breakout above the blue line.
Tomorrow session will confirm whether it is false or true breakout.
Nifty closing above blue line is a good sign but it is always good to take confirmations than assumptions.
Till then the waiting game continues......
Stay safe & Happy trade.
Note
Nifty fate is still not confirmed yet.Though it stayed above blue line but it did test blue line couple of time before closing above it.
No strong bull move seen yet.
Trade closed: target reached
Nifty confirmed uptrend.
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